Job Information
CIBC Manager, Supplier Governance (Third Party Governance Office) in Chicago, Illinois
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com (https://www.cibc.com/en/about-cibc.html)
STRATEGIC BUSINESS UNIT DESCRIPTION
To oversee enterprise-wide supplier governance and relationship management processes to ensure that such activities are managed effectively and in compliance with CIBC policies and regulatory requirements.
JOB PURPOSE
As a Manager, Supplier Governance you will join the Third Party Governance Office (TPGO) team and be responsible to support the Third Party Risk Management program to ensure there is a risk-based oversight/challenge of third party risks. Including coordinating between various program stakeholders for the execution of third party risk assessments, ongoing monitoring activities, preparing program reporting, metrics to support program oversight and assessment of effectiveness.
KEY ACCOUNTABILITIES
Manage the day-to-day operation of the Third Party Governance Office (TPGO) Supplier Governance Program that identifies and reports on all of CIBC’s outsourced (material or non-material) strategic, high-risk and high value suppliers.
Identifies processes, policies, tools and procedures at the bank that need to be created or refined to support effective management and governance of suppliers.
Assist the Third PartyGovernance Office (TPGO), Procurement Operations, and CIBC Legal by integrating CIBC processes, policies and procedures into supplier contractual terms and conditions as required
Provide strategic thought leadership on how to not only address risk issues identified within the TPGO mandate but offer ideas and solutions on how to prevent and mitigate these risks from occurring in the future.
Assisting the team in developing the overall Bank-wide Supplier Governance monitoring program, helping refine the program into an effective, meaningful and thoughtful program
Serve as the point of contact for line of business delivery teams and/or vendor management offices as well as service suppliers on supplier management process issues, gaps and improvement opportunities
Support the U.S. Third Party Risk Committee (TPRC) in meeting their obligations of their mandate
Create, or revise existing processes, tools and templates that can be leveraged by LOB Operational and Delivery teams across the bank to manage and govern the bank’s supplier relationships.
Collaborate with other key stakeholders (to provide inputs for training related to effective management and governance of supplier contracts)
Guide the business units so that the requirements for supplier management and governance are clear, complete, consistent and implemented on an on-going basis.
Conduct review meetings with LOB Operational and Delivery teams to identify and prioritize procedural development and improvements so that the business is realizing the value from the contract
Collaboratively work with stakeholders to ensure timely handling of all procedural and policy issues, disputes, escalations and negotiations with managed suppliers
US SHARED SERVICES
Help develop, test, and maintain a risk and criticality rating system specific to the US region.
Provide an escalation point for risks identified in the ongoing monitoring of our shared services so they may be assessed and remediated at US risk and regulatory levels.
Subject Matter Expert within the US Region on the services provided by shared arrangements including but not limited to the departments they touch and the relationship managers responsible.
US Control Group owner of Subcontractor and Country risk.
The Manager will be responsible for QA’ing/Review TPRAs for shared services and assessing risks identified with shared services from a U.S. perspective
CROSS-FUNCTIONAL RELATIONSHIPS
Peers within TI&I Partner Groups and middle to senior management
Peers in risk management or regulatory affairs
Regulators, Auditors
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. * *
AUTHORITIES/DECISION RIGHTS
- As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
JOB DIMENSIONS
Monitor and report on the risks associated with the bank’s supplier portfolio.
Monitor and report on the performance of the bank’s supplier portfolio.
KNOWLEDGE AND SKILLS
Excellent relationship management skills
Understanding of the internal and external business environment within which CIBC operates
Familiarity with sourcing and/or supplier processes, tools and templates
Familiarity with regulatory guidelines around supplier would be an asset
Experience with process modeling, writing process documentation
Knowledge of bank's process, standards and guidelines would be an asset
Strong communication, interpersonal and presentation skills
Experience working in a global multi supplier environment and managing suppliers
Preferred 5 years of industry-related experience in sourcing, supplier governance and/or supplier management
Proven experience with supplier approaches in large complex organizations/projects
Demonstrated ability to manage multiple complex and detailed initiatives simultaneously
Strong relationship building abilities with both internal and/or external partners
Experience with leading/influencing complex organization change initiatives will be an asset
At CIBC we enable the work environment most optimal for you to thrive in your role. This role will have a h ybrid work schedule located in Chicago, IL.
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit
Job Location
IL-70 W Madison St, 9th Fl
Employment Type
Regular
Weekly Hours
40
Primary Recruiter
Sara Stacy
Skills
Banking Procedures, Bank Regulations, Key Control, Management Reporting, Metrics Development, Organizational Processes, Prioritization, Procedure Creation, Regulatory Reviews, Risk Assessments, Risk Management, Risk Management Programs, Strategic Objectives, Supplier Governance, Third Party Compliance, Third Party Contracts, Third Party Due Diligence, Third Party Risk Management, Vendor Management, Work Processes
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.